首页
登录
职称英语
The National Association of Securities Dealers is investigating whether som
The National Association of Securities Dealers is investigating whether som
游客
2023-09-02
46
管理
问题
The National Association of Securities Dealers is investigating whether some brokerage houses are inappropriately pushing individuals to borrow large sums on their houses to invest in the stock market. Can we persuade the association to investigate would-be privatizers of Social Security? For it is now apparent that the Bush administration’s privatization proposal will amount to the same thing, borrow trillions, put the money in the stock market and hope.
Privatization would begin by diverting payroll taxes, which pay for current Social Security benefits, into personal investment accounts. The government would have to borrow to make up the shortfall. This would sharply increase the government’s debt. "Never mind," privatization advocates say, "in the long run, people would make so much on personal accounts that the government could save money by cutting retirees’ benefits."
Even so, if personal investment accounts were invested in Treasury bonds, this whole process would accomplish precisely nothing. The interest workers would receive on their accounts would exactly match the interest the government would have to pay on its additional debt. To compensate for the initial borrowing, the government would have to cut future benefits so much that workers would gain nothing at all. However, privatizers claim that these investments would make a lot of money and that, in effect, the government, not the workers, would reap most of those gains, because as personal accounts grew, the government could cut benefits.
We can argue at length about whether the high stock returns such schemes assume are realistic (they aren’t), but let’s cut to the chase: in essence, such schemes involve having the government borrow heavily and put the money in the stock market. That’s because the government would, in effect, confiscate workers’ gains in their personal accounts by cutting those workers’ benefits.
Once you realize what privatization really means, it doesn’t sound too responsible, does it? But the details make it considerably worse. First, financial markets would, correctly, treat the reality of huge deficits today as a much more important indicator of the government’s fiscal health than the mere promise that government could save money by cutting benefits in the distant future. After all, a government bond is a legally binding promise to pay, while a benefits formula that supposedly cuts costs 40 years from now is nothing more than a suggestion to future Congresses. If a privatization plan passed in 2005 called for steep benefit cuts in 2045, what are the odds that those cuts would really happen? Second, a system of personal accounts would pay huge brokerage fees. Of course, from Wall Street’s point of view that’s a benefit, not a cost. [br] The author’s attitude towards the privatization proposal is______.
选项
A、impartial
B、suspicious
C、neutral
D、approval
答案
B
解析
观点态度题。通观全篇,作者分析了布什政府私有化政策的实质,并且驳斥支持该政策者的观点。第五段第一句中作者直接指出,一旦你意识到私有化的真正含义时,它听起来不是很负责。由此可见,作者对于这一政策是持怀疑态度的,所以选B“怀疑的”。
转载请注明原文地址:https://www.tihaiku.com/zcyy/2980396.html
相关试题推荐
[originaltext]AninternationalconferencetookplaceinDakar,Senegal,to
[originaltext]AninternationalconferencetookplaceinDakar,Senegal,to
Theissueofwhetherparentswhosechildrenareobeseshouldbechargedwith
Theissueofwhetherparentswhosechildrenareobeseshouldbechargedwith
Oneofthegreatestconcernsparentshavewhenfacinganinternationalmove
Oneofthegreatestconcernsparentshavewhenfacinganinternationalmove
Oneofthegreatestconcernsparentshavewhenfacinganinternationalmove
Oneofthegreatestconcernsparentshavewhenfacinganinternationalmove
Oneofthegreatestconcernsparentshavewhenfacinganinternationalmove
Oneofthegreatestconcernsparentshavewhenfacinganinternationalmove
随机试题
Besidesactiveforeignenterprisesanda【51】numberofprivateemployers,ac
[originaltext]TheeconomyoftheUnitedStatesafter1952wastheeconomyof
颞下颌关节可复性盘前移位的主要治疗方法()A.垫 B.药物 C.
颞下颌关节脱位病例中,最常见的类型是A.单侧脱位 B.双侧脱位 C.急性前脱
可造成乳酸血症的降血糖药是()A.格列本脲 B.格列吡嗪 C.甲苯磺丁
教育学生的感情基础( )。A、爱工作 B、爱学生 C、爱学校 D、爱教育
级数()。A发散 B条件收敛 C绝对收敛 D收敛性与α的取值有关
于1967年提出目标游离评价模式的是( )A.斯塔克 B.斯塔佛尔比姆 C
根据《立法法》的规定,下列属于法律相对保留的事项有:()A.剥夺公民政治权
只能用于转账,不能支取现金的支票有()。A、现金支票 B、转账支票 C、普通
最新回复
(
0
)